Research on Factors Influencing the Digital Economy Based on Principal Component Analysis: A Case Study of Liaoning Province
DOI:
https://doi.org/10.54097/78t78662Keywords:
Liaoning Province; digital economy; influencing factors; Pearson coefficient correlation analysis; principal component analysis.Abstract
Exploring the influencing factors of the digital economy plays an important role in the development of Liaoning Province. Therefore, this paper proposes a research model for the influencing factors of the digital economy based on principal component analysis. Firstly, the indicators of the influencing factors of the digital economy in Liaoning Province are constructed. Secondly, Pearson correlation analysis is used to select the indicators. Finally, principal component analysis is used to reduce the dimensionality of the 14 indicators into 2 principal components, and it is identified that per capita GDP, R&D expenditure, and the number of Internet broadband access users at the end of the year are key factors influencing the development of the digital economy in Liaoning Province.
Downloads
References
Liu, Shan, Zhu, Qing. Promoting Platform Ecosystem Construction, Cultivating New Momentum for the Digital Economy [N]. China Labor Network, 2023-04-15.
He Y. A Research on Development Strategy of China's Digital Economy in the Post-COVID-19 Era [J]. Modern Economics & Management Forum, 2021, 2(5).
Brynjolfsson, Erik. The second machine age: work, progress, and prosperity in a time of brilliant technologies / Fir [J].W.W. Norton & Company, 2014.
Salvi A, Vitolla F, Rubino M, et al. Online information on digitalization processes and its impact on firm value [J]. 2021.
Autor D H. Why Are There Still So Many Jobs? The History and Future of Workplace Automation [J]. The journal of economic perspectives, 2015, 29(3):3-30.
José Luis Ruiz-Real, Uribe-Toril J, Torres A, et al. ARTIFICIAL INTELLIGENCE IN BUSINESS AND ECONOMICS RESEARCH: TRENDS AND FUTURE [J]. Journal of Business Economics and Management, 2020.
Shepherd M, Turner J A, Small B, et al. Priorities for science to overcome hurdles thwarting the full promise of the 'digital agriculture' revolution [J]. Journal of the science of food and agriculture, 2020, 100(14):5083-5092.
Acemoglu D, Restrepo P. Automation and New Tasks: How Technology Displaces and Reinstates Labor [J]. Journal of Economic Perspectives, 2019, 33(2):3-30.
Dong, Xinzhi. Comprehensive Evaluation of the Level of China's Digital Economy Development and Its Impact on Economic Growth [D]. Zhejiang Gongshang University, 2022.
Fan, Hejun, Wu, Ting. Can Digitization Promote Economic Growth and High-Quality Development? Evidence from Chinese Provincial Panel Data [J]. Journal of Management, 2021, 34(03): 36-53.
He, Da'an. The Current Situation and Future Development of China's Digital Economy [J]. Governance Research, 2021, 37(03): 5-15+2.
Li, Danyang. Current Status and National Development Strategy of Domestic and International Digital Economy Development [J]. Modernization of Commerce, 2023(16): 127-129.
Downloads
Published
Issue
Section
License
Copyright (c) 2023 Highlights in Business, Economics and Management
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
